Galv buyers less optimistic about short-term market

Buyers of galvanized steel have a dimmer outlook for the market for the next several months.

In the last 30 days, the base price of galv has dropped by more than expected while demand is softening.

“We’ve seen the market turn,” said the moderator of Tuesday’s HARDI Sheet Metal/Air Handling Council call. “It hasn’t collapsed, but it’s definitely fallen $3-$4 (per cwt) and lead times are short. Demand is OK, not great. It’s not been as strong as March and April.”

Stephanie Ritenbaugh

Stephanie Ritenbaugh is a reporter for Steel Market Update. She is an experienced business journalist, holding a variety of positions for trade publications and newspapers, including covering shale development for Gas Business Briefing/Platts and for the Pittsburgh Post-Gazette. She can be reached at stephanie.ritenbaugh@crugroup.com or +1 724-759-7868